CFDs on Gold (US$ / OZ)
Long
Updated

XAU base Wave counting scenario

548
XAU base Wave counting scenario.

After mixed employment data on Friday, market sentiment has turned to a weaker dollar. May be an early signal of the end DXY rising cycle. If so, watch Euro and XAU start a new prosperous cycle.
Trade closed manually
Eat profit of 100 points first; I expect the real yields to rise, thus may lead to a rise in US Dollar

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.